NBA Top Shot - High Risk, High Reward?

[cwalk]

Originally Posted by shubert

Dapper takes a 5% fee on every marketplace transaction. Eventually this period of madness will be over and then it will be a game about margins. This would be a good time to actually price the fee into it. To make it very simple, if you buy a $1000 moment and intend to relist it for a minor gain at $1040 you will take a net loss of $10 - if the card sells.

This is a very good point. Currently the accounts/wallets are all custodial, meaning Dapper controls the keys. They have said that eventually you'll be able to manage your own keys with a non-custodial wallet. When this happens you'll be able to use 3rd party sites like OpenSea to buy/sell moments in your wallet and avoid the 5% fee that Dapper takes. Until that happens, I would definitely take your advice, and always buy/sell with the 5% fee in mind. Eventually I think many of the gains on these moments will plateau, and when that happens the 5% will matter.

[grade]

Originally Posted by grade

- People deal with situations different ways.
- Do what you do .
- My way of dealing with people is dishing more back.
- They ask they get.
-Stated many times, this was luck and timing. Showing anyone could do this because it was more luck and timing.
-people post hundreds of photos flexing cards everyday here.
-Congratulations on your success. Which is one thing very few people on the forum do, hope others success. that is why i treat them accordingly.



Right now i have more than my initial investment in my Dapper wallet


Low Valuation currently

Daily Update:
Have $2100 still in dapper just incase of some deals and to make sure i have my original investment covered.
It is still unrealized profits. Do not invest money you cannot lose. My wife asked me how much i started with. She just laughed. "is it real?" So if you try, make sure you can laugh about it.

[rifleman69]

Originally Posted by grade

Daily Update:
Have $2100 still in dapper just incase of some deals and to make sure i have my original investment covered.
It is still unrealized profits. Do not invest money you cannot lose. My wife asked me how much i started with. She just laughed. "is it real?" So if you try, make sure you can laugh about it.

Your wife has the brains in the family obviously.

[grade]

Originally Posted by rifleman69

Your wife has the brains in the family obviously.

of course. if any guy here thinks they are smarter than their wife, your a fool.

[Archangel1775]

Originally Posted by rifleman69

Your wife has the brains in the family obviously.

Why the hate dude? He already has his original investment back and all the rest is whatever anyone wants to call it. Not sure if you're taking any of it personal or what. Just dont click on the thread.

[Archangel1775]

Originally Posted by Vinny1984

And just think...these are the prices with only a 6,000 person buyer pool with a fast trajectory up. I wouldn’t be selling ANYTHING. Will it come crashing down? Who knows. But it’s going to go a lot higher before that’s even a concern.

The buyer pool shot up immensely. There were about 4500 sellers and 4100 buyers early this morning. Now 7,000 buyers and 6,000 sellers. Not sure if its a new article, Gary V mention or they opened it to another country(whatever that means). Something happened.

[WhacksPacks]

Originally Posted by ninjacookies

Anyone have a spare pack they could donate?


Have an 8 month old ferret suffering from myoplagia that's a life long imgur fan. Hoping to pull him a nice .gif before I get shipped off to Iraq next month.



Bless God.

Legit lol’d and it woke my wife and dog up.

Makin a sht ton of money on this though my friend.
Still can’t cash out.
Remains to be seen...

[val47]

This is a train nobody can’t stop!! NFT’s and digital collectibles are here to stay sonyou better learn about it or fall behind

[grade]

Many videos are popping up. This video is really simple and pretty fair.

[TLev10]

I'm genuinely curious as to the % of people in this thread that own other versions of crypto such as BTC or Flow (which this platform has been built on). Seeing those individuals opinions versus those that aren't presently in the crypto space may vary I'd imagine on a product like this.

If the Top Shot market fluctuation is anything similar to that of Bitcoin, obviously it will have its' surges and declines but the trajectory is always seemingly upward.

Neither the matter, I hope not everyone here is just devaluing the idea of the product simply because they don't understand it. We'd have become our parents that told us collecting cardboard with peoples images on them are a stupid investment and waste of space.

I hope Top Shot/Dapper can figure out some of the bugs... but I'm all in on the idea of crypto in the collectibles market and even if this product isn't the one to workout long term. I'm positive one will

edited** flow blockhain not ETH

[orion9578]

Originally Posted by grade

Daily Update:
Have $2100 still in dapper just incase of some deals and to make sure i have my original investment covered.
It is still unrealized profits. Do not invest money you cannot lose. My wife asked me how much i started with. She just laughed. "is it real?" So if you try, make sure you can laugh about it.

I said on the first page of this thread that I don't get it, but I do get digital "things" are worth money.

I talked smack to you about "pumping" about mid-thread.

I'll eat crow on the smack talking and say I should have listened to myself on the first page and put in a tiny amount of money.

I'm late to the party but, personally, I've dumped a few hundred bucks into....dumpster fires....many times.

I'm going to put $200 in...throw darts at a board on "singles" and attempt to buy $200-$300 worth of packs over time when they become available(if I can get any...I've been following the thread so I know it's tough).

It is hard to teach an "old dog" new tricks and again, perhaps I'm throwing away $400-$500 bucks, but if you guys could have seen the money I've tossed into the trash on other stuff...this will be nothing.

[Adam85]

Originally Posted by TLev10

I'm genuinely curious as to the % of people in this thread that own other versions of crypto such as BTC or ETH (which this platform has been built on). Seeing those individuals opinions versus those that aren't presently in the crypto space may vary I'd imagine on a product like this.

If the Top Shot market fluctuation is anything similar to that of Bitcoin, obviously it will have its' surges and declines but the trajectory is always seemingly upward.

Neither the matter, I hope not everyone here is just devaluing the idea of the product simply because they don't understand it. We'd have become our parents that told us collecting cardboard with peoples images on them are a stupid investment and waste of space.

I hope Top Shot/Dapper can figure out some of the bugs... but I'm all in on the idea of crypto in the collectibles market and even if this product isn't the one to workout long term. I'm positive one will

I've mined ETH for 5 years. I have seen many projects that are based on crypto crash and burn, see bitconnect. Also this is built on the FLOW blockchian, not ETH.

There is a space for digital collectibles, look forward if they ever make an app.

[TLev10]

Originally Posted by Adam85

I've mined ETH for 5 years. I have seen many projects that are based on crypto crash and burn, see bitconnect. Also this is built on the FLOW blockchian, not ETH.

There is a space for digital collectibles, look forward if they ever make an app.

Oh damn, misread the original token post, you're 100% correct and thanks for correcting my error.

I was as well hoping an app would be built in as well as more build into the private key aspect. Such as an image only the private key holder could have. Endless possibilities.

[rifleman69]

Originally Posted by Archangel1775

Why the hate dude? He already has his original investment back and all the rest is whatever anyone wants to call it. Not sure if you're taking any of it personal or what. Just dont click on the thread.

Actually he doesn't have any of his original investment back. You do know what cash in hand vs cash "owed" to you means right?

[rifleman69]

Originally Posted by TLev10

I'm genuinely curious as to the % of people in this thread that own other versions of crypto such as BTC or ETH (which this platform has been built on). Seeing those individuals opinions versus those that aren't presently in the crypto space may vary I'd imagine on a product like this.

If the Top Shot market fluctuation is anything similar to that of Bitcoin, obviously it will have its' surges and declines but the trajectory is always seemingly upward.

Neither the matter, I hope not everyone here is just devaluing the idea of the product simply because they don't understand it. We'd have become our parents that told us collecting cardboard with peoples images on them are a stupid investment and waste of space.

I hope Top Shot/Dapper can figure out some of the bugs... but I'm all in on the idea of crypto in the collectibles market and even if this product isn't the one to workout long term. I'm positive one will

Lol, this is nothing like BTC or ETH except some "clever" usage of the word blockchain.

Really surprised the Panini blockchain cards haven't taken off as a secondary/cheaper market to follow or settle for.

[ninjacookies]

Originally Posted by rifleman69

Really surprised the Panini blockchain cards haven't taken off as a secondary/cheaper market to follow or settle for.

Say less.

[TLev10]

Originally Posted by rifleman69

Lol, this is nothing like BTC or ETH except some "clever" usage of the word blockchain.

Really surprised the Panini blockchain cards haven't taken off as a secondary/cheaper market to follow or settle for.

I'd respectfully disagree with the idea it's nothing like BTC and ETH. I know it’s a centralized thing unlike the decentralized aspect of btc... Just on a macro level and crypto transactions. Uses full transparency and proof of transaction from wallet to wallet. I know it's not used in the same way as bitcoin, just more in the digital storage space. Hoping some sort of cold wallet and private key aspect could be built on top. I'm still learning about the product (IE my mistake on the type of blockchain it's built on) but genuinely think the crypto idea is the most important thing about this product. I haven't wondered into Panini's blockchain collectibles yet. Hoping they both are mutually beneficial though

[Chryghst]

Has anybody successfully cashed out?

[IceTrae11]

Originally Posted by Chryghst

Has anybody successfully cashed out?

With my initial deposit (quite large), they seemed to approve my account very quickly for withdrawals, I have successfully withdrawn once but just enough to test and funds to get another laptop good enough to run TopShot on it full time, I left the rest in and stocking up on the good giffs so my total cash in is several hundred thousand so far and I will soon withdraw for final wish me luck

[grade]

Originally Posted by rifleman69

Actually he doesn't have any of his original investment back. You do know what cash in hand vs cash "owed" to you means right?

Are you talking about my 1000's of slabs, wax and loose singles? no i have not cashed out yet. It is sitting in my storage, vault or 3rd party auction house. Cards involve many stages and risks to actually close out a single "card". From beginning to end, a card can take a year or years to get cash in hand. That is just part of the system of physical cards.

The other day, someone returned 3 resealed wax boxes. I just count it as part of doing business. That same day i had to drive to the Post Office to get my registered mail that post office was lazy to come to my door. I have not sold one slab from that shipment of slabs yet. Unrealized profits. No cash conversion yet .

The equity in your house , is not realized profit until you sell and go thru escrow. Everything takes time to finalize and realize what really happened.

[grade]

Originally Posted by orion9578

I said on the first page of this thread that I don't get it, but I do get digital "things" are worth money.

I talked smack to you about "pumping" about mid-thread.

I'll eat crow on the smack talking and say I should have listened to myself on the first page and put in a tiny amount of money.

I'm late to the party but, personally, I've dumped a few hundred bucks into....dumpster fires....many times.

I'm going to put $200 in...throw darts at a board on "singles" and attempt to buy $200-$300 worth of packs over time when they become available(if I can get any...I've been following the thread so I know it's tough).

It is hard to teach an "old dog" new tricks and again, perhaps I'm throwing away $400-$500 bucks, but if you guys could have seen the money I've tossed into the trash on other stuff...this will be nothing.

I have no bad feeling to anyone . myself coming from the cardboard side and said many times. " i seen the thread last year and thought is was stupid " I totally understand what everyone is thinking. Then changed my mind same as you are thinking, put some money and see what happens, if i lose , i lose. Life continues as usual .

Thought the boom was ending everyday for 12 days straight. It keeps on going and going. Cannot guarantee what will happen tomorrow , week or month from now. But this thing keeps on going.

Check the screen shot out:
I just sold this card 1 hour ago,
Every "card" that sells has this type of information. Look at the dates, Someone got this card in a $12 pack prior to Jan 19 2021 then sold it on Jan 19, 2021 for $50. That person sold it to me for $199 on Jan 23, 2021. Then I sold it tonight for $375. Who knows what it will sell tomorrow?

Every person that sold thought it was time to sell, but obviously it was to early. This has a lot of steam left. Good luck and have fun.

[Archangel1775]

Originally Posted by rifleman69

Actually he doesn't have any of his original investment back. You do know what cash in hand vs cash "owed" to you means right?

Semantics dude, the "they're gonna steal everyone's money" thing was already put to rest. A member or two have already posted that they cashed out. The process just takes a little longer right now due to proof of identity per those member(s).

[Archangel1775]

Originally Posted by IceTrae11

With my initial deposit (quite large), they seemed to approve my account very quickly for withdrawals, I have successfully withdrawn once but just enough to test and funds to get another laptop good enough to run TopShot on it full time, I left the rest in and stocking up on the good giffs so my total cash in is several hundred thousand so far and I will soon withdraw for final wish me luck

Well done, I saw you were one that got in early. I don't know how I missed the original thread and I'm on this damn forum every day.

[Paderborn1907]

Originally Posted by rifleman69

Lol, this is nothing like BTC or ETH except some "clever" usage of the word blockchain.

Really surprised the Panini blockchain cards haven't taken off as a secondary/cheaper market to follow or settle for.

A BC Flawless Giannis Logoman sold for 2k last weekend, wondering where the Doncic 1/1 will end up, but yes that’s not even in the same ballpark.

I think the Digital products of e.g. Panini Blockchain or even Dunk/Blitz or TOPPS Bunt/Skate aren't far behind, but they‘re lacking the hype.

What Top Shot does better is the concept as a whole. Dunk/Blitz/Bunt have the gambling & gaming, but don’t have the marketplace, since it was originally a trading app. So the secondary is on eBay and makes things difficult. Nevertheless especially the TOPPS cards are very nice designed and also have sometimes animations.

Blockchain has nice cards (super short prints, individual patches for most of the cards), but is totally lacking a community and has a questionable distribution channel via a physical product.

I like the Top Shot Concept and the NFT‘s, but I doubt the current hype is sustainable. Digital collectibles will rise, but not in such a pricey level.

... also looking at TOPPS Huddle, things can go south very fast when a license is lost the whole app is a ghost town now!

[kefskala]

Originally Posted by grade

of course. if any guy here thinks they are smarter than their wife, your a fool.

If I was to listen to my wife or ask her what bussiness decision to make I would have a closet filled with hand bags...instead I have a closet filled with basketball cards.